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Residential Lighting Fixtures Market Report: Impact of COVID-19 on Industry Recovery

The global residential lighting fixtures market size is expected to reach USD 22.41 billion by 2030, expanding at a CAGR of 6.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rapid replacement of traditional lights with more energy-efficient and economical lighting fixtures is expected to remain a prominent trend. Furthermore, rising middle-class population in developing countries including China, India, Bangladesh, and Philippines as a result of urban development and increasing number of employment opportunities is projected to have a positive impact on the market.

The Light-emitting Diodes and Organic Light-emitting Diode (LED & OLED) led the market in 2018, contributing to over 50% of revenue share. High energy-efficiency and durability is anticipated to drive the growth. This segment is expected to witness steady growth in the upcoming years owing to the implementation of government initiatives aimed at encouraging the adoption of energy-efficient LED lighting instead of incandescent lighting.

Access the Residential Lighting Fixtures Market Size, Share & Trends Analysis Report By Product (Ceiling, Pendant & Chandeliers, Wall Mounted), By Source, By Distribution Channel, By Region, And Segment Forecasts, 2024 – 2030

Ceiling and wall mounted together held the largest share of the global residential lighting fixture market with over 60% of the total revenue share in 2018. These products illuminate the whole room and make it appear brighter and larger. In addition, availability of a wide range of ceiling and wall mounted fixtures appropriate for different types of homes and décor is anticipated to bode well for the product demand.

Asia Pacific held the leading market share of more than 45% in 2018. Rising number of residential buildings in emerging economies including China, India, and Philippines on account of easy loan assistance by banks for home construction is expected to expand the use of lighting equipment. Additionally, the increasing number of smartphone users in these countries is expected to encourage manufacturers to launch products in their online stores.

Key manufacturers include Koninklijke Philips N.V.; Cree Inc.; General Electric; Hubbell Lighting, Inc.; Acuity Brands, Inc.; Eaton Corporation; Panasonic Corporation; OSRAM Licht AG; Nichia Corporation; and Everlight Electronics Co., Ltd. New product launches is expected to remain a key competitive strategy in the forthcoming years.

Residential Lighting Fixtures Market Report Highlights

The ceiling segment accounted for the largest share of 38.0% in 2023.

LED and OLED product segment is expected to account for a market share of 69.3% in terms of revenue by the end of 2023, owing to excellent energy efficieny of the products.

Middle East and Africa is expected witness the fastest CAGR of 6.2% from 2019 to 2025. The scope for electrification along with government initiatives in African countries including Nigeria, Kenya, and Ethiopia is projected to open new avenues

Asia Pacific led the residential lighting fixture market with more than 45% of revenue share

The online segment is projected to grow at the fastest CAGR of 8.6% over the forecast period.

Order your free sample copy of “Residential Lighting Fixtures Market Report 2024 – 2030, published by Grand View Research

Key Residential Lighting Fixtures Company Insights

Some of the key companies in the residential lighting fixtures market include Koninklijke Philips N.V.; Hubbell Incorporated; Vorlane; Cree Lighting and Kichler Lighting LLC. Vendors in the market are focusing on increasing customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions and partnerships with other major companies.

Panasonic Corporation offers a wide range of lighting solutions for residential spaces, focusing on energy efficiency, design aesthetics, and technological innovation.

Key Residential Lighting Fixtures Companies:

The following are the leading companies in the residential lighting fixtures market. These companies collectively hold the largest market share and dictate industry trends.

Koninklijke Philips N.V.
Hubbell Incorporated
Vorlane
Cree Lighting USA LLC.
Kichler Lighting LLC.
Cooper Lighting LLC.
General Electric Company
ACUITY BRANDS, INC
Eaton.
Panasonic Corporation

Recent Developments

In March 2023, Signify acquired Intelligent Lighting Controls, Inc. (ILC), a wired control systems manufacturer. The acquisition is expected to add to Signify’s well established technology and energy-saving solutions in North American market.

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone:-1-415-349-0058

Email: sales@grandviewresearch.com

Beer Kegs Market Future Outlook: Predictions for 2025 and Beyond

The global beer kegs market size is expected to reach USD 117.3 million by 2030, registering a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by increasing consumption of beer among young consumers. An analysis conducted by Gallup, Inc., previously known as American Institute of Public Opinion, pertaining to alcohol consumption habits of Americans showed that close to 70.0% of men between the age of 18 and 29 preferred beer over other alcoholic beverages. This trend has continued over the years and has served as a key factor driving the market.

Rising inclination for flavored alcoholic beverages is a trend that is likely to benefit the market. This, along with growing demand for premium products such as craft and draught variants, is fueled by evolving consumer lifestyle and increased per capita income. The rising trend of on-premise sales is also expected to fuel market growth. Kegs help in maintaining the authentic quality and flavor of alcoholic beverages over long durations. Draught beer is mostly served through kegs in order to maintain its pressure, and therefore, the product witnesses greater demand from on-trade sales.

Access the Beer Kegs Market Size, Share & Trends Analysis Report By Material (Steel, Plastic, Others), By Capacity, By Application (Commercial, Residential), By Region, And Segment Forecasts, 2024 – 2030

Steel as a raw material held the dominant share of 84.7% in the market owing to its largescale production in the industry, higher durability, and favorable recycling properties. Steel kegs are used for transportation and storage as it helps in blocking gases and ultraviolet rays, thereby preserving the quality and flavor of beer.

Asia Pacific is expected to exhibit the highest CAGR of 5.1% from 2019 to 2025 on account of increasing production and consumption of beer in the region, majorly driven by countries such as India, China, and Singapore. Moreover, intensifying presence of breweries producing craft and draught beer are adding to product demand. Another factor driving the market is rising number of leading companies investing in sustainable packaging solutions and producing environment-friendly kegs. For instance, the unique DLC kegs produced by Petainer are some of the most eco-friendly variants introduced in Japan.

Beer Kegs Market Report Highlights

Plastic-based beer kegs segment is expected to experience a significant CAGR during the forecast period

The Steel beer kegs segment dominated the market and accounted for a share of 85.3% in 2023

Europe beer kegs market dominated the global industry with a revenue share of 29.5% in 2023. This is attributed to the rising consumption of beer in the region, constant lifestyle changes, the presence of large enterprises from industry operating in the region and ease of availability.

Order your free sample copy of “Beer Kegs Market Report 2024 – 2030, published by Grand View Research

Key Beer Kegs Company Insights

Vendors are focusing on implementing strategies such as mergers and acquisitions to increase product offerings and gain a competitive edge in the industry. Therefore, key players are expanding their production and adopting innovative advancements aiming to fulfil maximum customer needs.

American Keg Company LLC is a U.S.-based company that manufactures high-quality stainless steel kegs. Their skilled craftsmen use food-grade 304 stainless steel.

SCHÄFER Werke GmbH is a German company involved in manufacturing plastics, fabricated metal products, and architectural and structural metals. It focuses on quality, maximum customer satisfaction, and innovation.

Key Beer Kegs Companies:

The following are the leading companies in the beer kegs market. These companies collectively hold the largest market share and dictate industry trends.

American Keg Company (BLEFA GmbH)
NDL Keg Inc
Shinhan Industrial Co, Ltd.
Ningbo BestFriends Beverage Containers Co. Ltd
Blefa GmbH
SCHÄFER Werke GmbH
Ara Partners (Petainer Ltd.)
Ardagh Group S.A.
Julius Kleemann GmbH & Co. KG
The Metal Drum Company

About Grand View Research:

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058
Email: sales@grandviewresearch.com

Fabric Softener and Conditioner Market Webinars: Upcoming Events and Key Topics

The global fabric softener and conditioner market size is expected to reach USD 18.35 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 3.4% during the forecast period. Rising adoption of fabric conditioners for maintaining the elasticity of fabrics is projected to drive the growth. These products help maintain softness of products and lighten the textile fibers. Growing demand for eco-friendly cleaning products owing to rising concerns over water pollution and hazardous effects associated with chemicals are expected to open new growth avenues in near future.

Liquid product segment exceeded USD 10 billion in 2018. Liquid products protect clothes from stretching and fading. Increasing adoption of top-load machines across the world is expected to further fuel the use of liquid products as they can be easily incorporated in washing machine dispensers. Rising adoption of washing machines in emerging economies is projected to further fuel the demand.

Commercial application held the largest market share in 2018 and is expected to register a CAGR of 4.4% from 2019 to 2025. Growing textile and hospitality industries is expected to drive the segment growth. Hospitality industry requires freshly washed and stain-free towels, bed sheets, and pillow covers among other products on a daily basis. This factor is anticipated to boost growth of the commercial application segment in near future.

Access the Fabric Softener And Conditioner Market Size, Share & Trends Analysis Report By Product, By Type (Organic, Conventional), By Application, By Distribution Channel, By Region, And Segment Forecasts, 2024 – 2030

Asia Pacific is expected to witness the fastest CAGR of 6.1% from 2019 to 2025. Rising household income in emerging economies including China and India is expected to remain a favorable factor. Increasing product launches in these countries is projected to positively influence the regional growth. In April 2018, Hindustan Unilever launched a fabric conditioner under the brand name, Comfort Pure for baby clothes. In March 2019, Proctor & Gamble launched plant-based product line under the Home Made Simple brand. Under this category, the company will offer a wide range of products including soaps, multipurpose cleaners, laundry detergents, and fabric softeners.

Fabric Softener And Conditioner Market Report Highlights

The liquid segment held the largest market revenue share of 55.5% in 2023. The demand for liquid fabric softeners & conditioners is increasing primarily due to consumer preferences for convenience and effectiveness.

The organic segment is anticipated to grow at the fastest CAGR over the forecast period. The demand for organic fabric softeners & conditioners is expected to rise primarily due to increasing consumer awareness and preference for natural ingredients and environmentally friendly products.

The commercial segment held the largest market revenue share in 2023. Commercial users such as hotels, hospitals, and laundromats prioritize products that ensure fabric quality and customer satisfaction.

The online segment is anticipated to witness the fastest CAGR over the forecast period. Online platforms offer consumers a convenient shopping experience, allowing them to browse various products and compare prices from various brands without leaving their homes.

Asia Pacific dominated the market with largest market revenue share of 38.3% in 2023. As disposable incomes rise, consumers are increasingly willing to spend money on products that enhance the quality and comfort of their clothing.

Order your free sample copy of “Fabric Softener And Conditioner Market Report 2024 – 2030, published by Grand View Research

Key Fabric Softener And Conditioner Company Insights

Some of the key companies in the fabric softener & conditioner market include Procter & Gamble; Unilever PLC; Reckitt Benckiser Group PLC; Henkel AG & Co. KGaA; Colgate-Palmolive Company

Procter & Gamble, with its Downy professional fabric softeners, makes fiber soft and delivers a long-lasting freshness on fabrics. Downy professional is utilized in washing machines by industries such as hotels and healthcare. It is also often used in residential laundry use.

Unilever PLC’s fabric conditioner brand Comfort, with additional variants such as Comfort Easy Iron and Comfort Bright Whites, is used to make cloths smooth, preserve their color, and prevent wrinkles. It also provides long-lasting freshness and fragrances.

Key Fabric Softener And Conditioner Companies:

The following are the leading companies in the fabric softener and conditioner market. These companies collectively hold the largest market share and dictate industry trends.

Procter & Gamble
Unilever PLC
Reckitt Benckiser Group PLC
Henkel AG & Co. KGaA
Colgate-Palmolive Company
Marico Limited
LG H&H Co., Ltd.
Pigeon Singapore Pte Ltd.
Church & Dwight Co., Inc.
Melaleuca Inc.

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Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058
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Industrial Evaporators Market Key Insights: Navigating Emerging Trends

The global industrial evaporators market size is expected to reach USD 28.03 billion by 2030, registering a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc.
The industrial evaporators industry will be shaped in part by technologies such as machine learning and artificial intelligence (AI). Further automation of vacuum evaporation facilities will be possible through intelligent, AI-based control systems, which will enable real-time monitoring, predictive maintenance, and adaptive operation in response to changing wastewater composition with increased efficiency and less need for human involvement.

The report “Industrial Evaporators Market Size, Share & Trends Analysis Report By Type (Plate Evaporators, Shell & Tube), By Functionality (Falling Film, Rising Film), By End Use (Pharmaceutical, Chemical), By Region, And Segment Forecasts, 2024 – 2030” is available now to Grand View Research customers and can also be purchased directly

The primary goal of installing an evaporator is to minimize water consumption, reduce wastewater discharge, and decrease environmental impact. However, selecting an evaporator technology for your process line or new plant can be very difficult because there are many options to choose from. Evaporators are extensively used for the purification of organic chemicals such as natural oils, fatty acids, herbicides, and insecticides. The products in the industrial evaporators market are used to remove liquid from a solution or suspension by heating the liquid to promote evaporation. They are widely used in chemical, pharmaceutical, food and beverage production, and wastewater treatment plants.
As a result of stringent laws and the corporation’s sustainable development philosophy, environmental pollution decreased. The market for industrial evaporators is expected to rise as a result of the growing population, as well as the development of the industrial and infrastructure sectors and an increase in waste generation.

Industrial Evaporators Market Report Highlights:
The plate evaporator type segment led the market and accounted for 62.1% of the global market revenue share in 2023. Plate type evaporators are known for their high heat transfer efficiency, which is achieved through the use of thin, corrugated plates that facilitate effective heat exchange between the heating medium and the product
The mechanical vapor recompression (MVR) segment led the market, accounting for 26.8% of the global market revenue share in 2023. MVR systems are used to minimize energy consumption and reduce carbon footprint in industries such as in food and beverage processing, pharmaceuticals, and wastewater treatment
The industrial evaporators market in Asia Pacific is experiencing substantial growth due to rapid industrialization, increasing population, and rising demand for processed foods and pharmaceuticals

Order your free sample copy of “Industrial Evaporators Market Report 2024 – 2030, published by Grand View Research

Industrial Evaporators Market Segmentation
Grand View Research has segmented the global industrial evaporators market based on type, functionality, end use, and region:
Industrial Evaporators Type Outlook (Revenue, USD Million, 2018 – 2030)
Plate Evaporators
Shell & Tube Evaporators
Industrial Evaporators Functionality Outlook (Revenue, USD Million, 2018 – 2030)
Falling Film
Rising Film
Forced Circulation
Agitated Thin Film
Mechanical Vapor Recompression
Others
Industrial Evaporators End Use Outlook (Revenue, USD Million, 2018 – 2030)
Pharmaceutical
Chemical
Food & Beverage
Pulp & Paper
Wastewater Treatment
Others
Industrial Evaporators Regional Outlook (Revenue, USD Million, 2018 – 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
Argentina
MEA
South Africa
Saudi Arabia
UAE

List of Key Players in the Industrial Evaporators Market
GEA Group
SPX Flow
Alfa Laval
Thermal Kinetics
Swenson Technology
Belmar Technologies Ltd.
Veolia
DE DIETRICH PROCESS SYSTEMS
Coilmaster Corporation
ENCON Evaporators

About Grand View Research:
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com

Thermal Paper Market Landscape: Key Segments and Regional Insights Analyzed

The global thermal paper market size is expected to reach USD 5.56 billion by 2030, registering a CAGR of 4.3% over the forecast years, as per a new report by Grand View Research Inc. This growth is attributed to the rising usage of POS terminals for monetary transactions in applications such as warehouses, supermarkets, and retail outlets. Thermal papers are majorly used in printing receipts at POS terminals and in the production of tags used by industries such as pharmaceuticals and food and beverages to package and label their end-use products. Thermal papers are preferred over other modes of printing due to the lower cost of production, and maintenance of the printing set-up due to the lack of use of ribbons and ink in the printing process.

Access the Thermal Paper Market Size, Share & Trends Analysis Report By Application (POS, Tags & Label, Lottery & Gaming), By Region (Asia Pacific, North America, Middle East & Africa, Europe), And Segment Forecasts, 2024 – 2030

The increasing use of retail outlets and supermarkets in developing economies such as China, Brazil, and India are expected to augment the growth of the market during the forecast period. The rising demand for specialty paper in packaging by e-commerce and logistics market players is also expected to help in the market growth. However, rising digitalization and increasing substitute products are expected to restrict the market growth. Growing demand for food & beverage, FMCG, and electronics goods in the Middle East and African countries considering population growth and urbanization in major markets of Saudi Arabia, UAE, and Qatar is expected to increase the use of POS terminals, tags, and labels. In addition, favorable support for promoting investments at the domestic level is expected to have a positive impact on the market growth in the region.

The market is anticipated to witness strong competition during the forecast period on account of the growing demand for thermal paper from the end-use industries such as ATMs, e-commerce industries, retail, and others. Public and private companies operating in the market are increasingly investing in the development of new products and new manufacturing technologies to optimize the production process. They are also focusing on expanding their production facilities to maintain their supply chain for thermal paper. Major players in the industry have established production units in different regions to cater to specific geographical locations. They also use other distribution channels in local regions such as agreements with roll-converters to ensure continuous product supply. Manufacturers also engage in direct supply to end-users such as POS and label manufacturers.

Thermal Paper Market Report Highlights

POS application segment dominated the market with a market share of 64.2% in terms of revenue in 2023 due to expansions in retail outlets in emerging economies in the Asia Pacific region.

The tags and labels application segment is expected to show significant growth during the forecast period due to the rising e-commerce sector which has led to a rise in the use of thermal papers for labels and packaging.

The Asia Pacific dominated the market with a market share of about 34.7% in terms of volume due to the increased investment in the region in manufacturing industries leading to a rise in demand for thermal paper.

Central and South America are expected to show significant growth during the forecast period due to the rising manufacturing and industrial activities in the region leading to a rise in the use of thermal paper in labeling.

The market is expected to show slow growth due to the increase in digitalization and reduced use of printing across end-uses such as monetary transactions. The presence of internal substitutes is also expected to hamper market growth.

The market consists of limited players who control most of the global market. Strategies followed by key players include vertical integration, localized production units, and product innovation to gain a competitive edge in the market.

Order your free sample copy of “Thermal Paper Market Report 2024 – 2030, published by Grand View Research

Key Thermal Paper Companies:

Oji Holdings Corporation
Appvion Inc
Koehler Group
Mitsubishi Paper Mills Limited
Hansol Paper Co. Ltd.
Gold Huasheng Paper Co. Ltd.
Henan Province JiangHe Paper Co. Ltd.
Thermal Solutions International Inc.
Iconex LLC
Twin Rivers Paper Company
Rotolificio Bergamasco Srl
Jujo Thermal Limited

About Grand View Research:

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Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058
Email: sales@grandviewresearch.com

Disconnect Switches Market Landscape: Key Segments and Regional Insights

The global disconnect switches market size is expected to reach USD 22.66 billion by 2030, and registering a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by rising industrialization, increased investment in electricity transmission and distribution, and stringent safety regulations

The market is witnessing product innovations in disconnect switches, such as introducing advanced disconnect switch technologies, enhances operational efficiency and safety, making them more appealing to various sectors, including industrial, commercial, and utility applications. Therefore, increasing power consumption, technological advancements, and regulatory support are expected to sustain the market’s growth trajectory in the coming years.

The report “Disconnect Switches Market Size, Share & Trends Analysis Report, Type (Fused, and Non-Fused), Application (Utility, Industrial, Commercial, Residential), By Region, And Segment Forecasts, 2024 – 2030” is available now to Grand View Research customers and can also be purchased directly

However, the industry is facing the primary challenge of the high cost associated with procuring and installing disconnect switches, particularly in industrial and utility-grade applications requiring high-quality components. The cost consideration may pose a barrier to widespread adoption, especially in cases where budget restraints are significant.

Disconnect Switches Market Report Highlights:

Based on type, the fused segment dominated the market with the largest revenue share of over 67% in 2023. The segment growth is driven by their essential role in enhancing electrical safety and operational reliability across various industrial applications.
Based on application, the industrial segment dominated the market with a largest revenue share of over 43% in 2023. The market is witnessing growth due to the increasing demand for reliable power management and safety in various industrial applications.
North America disconnect switches market led with the largest revenue share of over 38% in 2023. The market is driven by a strong emphasis on safety regulations, which mandate the use of disconnect switches for circuit isolation during maintenance and repair.

Order your free sample copy of “Disconnect Switches Market Report 2024 – 2030, published by Grand View Research

Disconnect Switches Market Segmentation

Grand View Research has segmented the global disconnect switches market based on type, application, and region:

Disconnect Switches Type Outlook (Revenue, USD Million, 2018 – 2030)

Non-Fused
Fused

Disconnect Switches Application Outlook (Revenue, USD Million, 2018 – 2030)

Utility
Commercial
Industrial
Residential

Disconnect Switches Regional Outlook (Revenue, USD Million, 2018 – 2030)

North America
- S.
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
- Spain
- France
- Russia
Asia Pacific
- China
- India
- Japan
- Australia
Central & South America
- Brazil
- Argentina
Middle East & Africa
- Saudi Arabia
- South Africa
- UAE

List of Key Players in the Disconnect Switches Market

General Electric
Schneider Electric SE
Havells India Ltd
Siemens AG
Altech Corporation
Eaton Corporation
SDCEM
ABB
Sälzer Electric GmbH
Honeywell

About Grand View Research:

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Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058
Email: sales@grandviewresearch.com

Personal Care Contract Manufacturing Market Benefits from Increased Brand-Manufacturer Collaboration for Agility and Innovation

The global personal care contract manufacturing market size is anticipated to reach USD 37.1 billion by 2030 and is anticipated to expand at a CAGR of 8.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The shifting focus of significant companies producing personal care products from in-house production to R&D and other promotional activities is projected to boost the contract manufacturing of these products.

The growth in online retail, coupled with expanding presence of international brands through the advent of multinational companies globally, is anticipated to have a positive impact on the personal care market growth over the forecast period. Increasing innovation activities by various market players resulting in new product development are expected to boost market growth.

Access the Personal Care Contract Manufacturing Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research

Rapid growth of the personal care industry is expected to propel the growth of the contract manufacturing market. The need for companies to cater to this rising demand for fast-moving personal care products such as shampoos, soaps, shower gels, and creams has made them enhance their production capabilities, which is projected to trigger a significant rate of adoption for contract manufacturing over the forecast period. In addition to the manufacturing services provided by contract manufacturers, the provision for custom formulations and packaging facilities offered by contract manufacturers is further expected to boost the personal care contract manufacturing market growth.

The high degree of competitiveness present in personal care industry has resulted in encouraging companies to adopt strategies that are expected to aid them in gaining an increased market share by tapping new markets and increasing their penetration in the present market. This has resulted in companies employing their resources for R&D and promotional activities. Key market players are increasingly looking toward product innovation and new product development to manufacture user-friendly products to increase their market share.

Order Your Sample Copy of the Personal Care Contract Manufacturing Market Size, Share & Trends Analysis Report By Service (Manufacturing), By Product (Skin Care), By Product Form (Liquids), By Region, And Segment Forecasts, 2024 – 2030

Personal Care Contract Manufacturing Market Report Highlights

In 2023, the manufacturing service segment held the largest share of 87.5% of the global revenue in 2023. Rising demand for hair care products globally, owing to the increasing aging of the population, is expected to have a positive impact on the market over the forecast period. The consumption of personal care products by the male population is witnessing growth owing to the increasing focus on personal grooming. This is expected to propel market growth over the forecast period

The packaging service segment registered the second largest CAGR from 2024-2030. Rising demand for flexible and innovative packaging in the personal care industry is expected to have a positive impact on the personal care contract manufacturing market over the forecast period. The packaging of personal care products adds aesthetic value to the product, which is one of the primary reasons for the purchasing decision of the consumers

Asia Pacific dominated the personal care contract manufacturing market in 2023. The Asia Pacific region is driven by the heightened demand for products such as deodorants, shaving creams, among younger population in emerging markets including India and China is expected to have major impact on market growth. In addition, the increasing old age population has propelled the use of personal care products and is expected to promote aerosol valves demand in anti-aging cosmetic products

In August 2023, Eco Lips broadened its range of organic lip care products by introducing the first-ever OTC-certified organic medicated lip balm. This innovative product is designed to provide soothing relief and protection for painful fever, blisters, and cold sores. Securing placement at CVS, the largest drugstore chain in the U.S., represents a significant milestone in the retail rollout of this product. The inclusion strengthens confidence in Eco Lip’s offerings as well as addressing consumer demand in this

Recent Developments

In August 2023, Eco Lips broadened its range of organic lip care products by introducing the first-ever OTC-certified organic medicated lip balm. This innovative product is designed to provide soothing relief and protection for painful fever blisters and cold sores. Securing placement at CVS, the largest drugstore chain in the U.S., represents a significant milestone in the retail rollout of this product. The inclusion strengthens confidence in Eco Lip’s offerings as well as addresses consumer demand in this category.

In January 2021, Bright International LLC acquired Bocchi Laboratories. By combining their respective strengths, Bright International LLC and Bocchi Laboratories are poised to create one of the most diverse and comprehensive full-service beauty & personal care platforms in the North American market. This strategic move expands the range of products and services offered by the combined entity as well as enhances its overall competitiveness and market positioning. The synergy between the two companies is likely to result in a powerhouse with the ability to cater to a wide array of consumer needs in the beauty and personal care sectors.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Unlocking the Potential: Growth Projections for the Smart Bathroom Industry 2023-2030

Smart Bathroom Industry Data Book | Forecast 2030

The growing interest among consumers in home automation and the incorporation of smart devices is a significant driver for the growth of the smart bathroom market. Consumers are actively seeking innovative and user-friendly solutions that can enhance their bathroom experiences.

The advancement in technology, notably in the field of the Internet of Things (IoT), Artificial Intelligence (AI), and voice recognition have led to the integration of various smart features into bathroom fixtures and accessories. The development of features like automated temperature regulation, voice-activated lighting, and smart showers, have enticed consumers to consider upgrading their conventional bathrooms.

Access the Global Smart Bathroom Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

The growth of smart bathroom solutions is propelled by fast-paced urbanization and ongoing infrastructure development in numerous regions. This progress encourages the widespread adoption of smart technologies in commercial buildings, hotels, and public restrooms. By seamlessly integrating these innovations, such spaces benefit from elevated functionality, improved hygiene standards, and enhanced efficiency.

Smart Toilet Market Market Report Highlights

The residential application segment is expected to expand at the fastest CAGR of 10.7% from 2019 to 2025 as a result of increasing number of smart homes in the urban cities of key markets including U.S. and China

The offline segment generated a revenue of USD 5.3 billion in 2018. Online channel is the fastest growing segment with a CAGR of 10.8% from 2019 to 2025 due to its doorstep delivery services

Europe was the largest regional market with a revenue of USD 2.4 billion in 2018

New product launch is expected to remain a key strategy among the market participants over the next few years.

Order your copy of the Free Sample of “Smart Bathroom Industry Data Book – Smart Toilet, Smart Bathroom Soap Dispenser, Faucets, Showers, Mirrors and Smart Bathtubs Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Electronic Soap Dispensers Market Report Highlights

North America held or the largest electronic soap dispensers market share of more than 35% in 2018

Asia Pacific is expected expand at the fastest CAGR of 9.2% from 2019 to 2025

Commercial application segment held the leading market share of 50.9% in 2018

Plastic held the largest market share of 69.2% in the raw material segment in 2018

Smart Faucets Market Report Highlights

North America was the largest smart faucets market, accounting for a share of more than 30.0% in 2018 owing to increasing smart homes and growing hospitality sector

The commercial application segment accounted for exceeding 60.0% share of the global revenue in 2018. Positive outlook towards global hospitality sector is expected to open new avenues

Brick and mortar was the largest distribution channel with a share of more than 70.0% in 2018

Key players include LIXIL Group Corporation, CERA Sanitaryware Limited, Roca Sanitario, S.A., Kohler Co., TOTO LTD., Masco Corporation, Villeroy & Boch, Hansgrohe, and DELTA FAUCET COMPANY

Product innovation is expected to remain a critical success factor among the industry participants.

Smart Shower Market Report Highlights

The residential/domestic dominated the global market with the highest revenue share in 2022.

This growth is due to the growing number of remodeling activities undertaken by new and old homeowners to elevate their experience and personalize their homes.

North America led the global market with the highest revenue share owing to an increasing number of commercial buildings in the region.

The rising growth rate of the remodeling industry across North America indicates a surge in residential home furnishing and fittings, which is expected to impact the smart shower market’s growth positively.

Go through the table of content of Smart Bathroom Industry Data Book to get a better understanding of the Coverage & Scope of the study

Smart Mirror Market Report Highlights

Europe is expected to expand with a considerable CAGR over the forecast period from 2023 to 2030. In Europe, consumers place a high value on design and aesthetics in home decor, which drives the preference for products like smart mirrors

The free-standing segment is estimated to expand with substantial CAGR over the forecast period. The flexibility in placement of these mirrors is a key driving factor behind the increasing popularity and growth of free-standing smart mirrors

The commercial segment is anticipated to expand with a faster CAGR over the forecast period. Use of smart mirrors in commercial spaces enhances customer convenience, reduces return rates, and boosts sales owing to which their adoption is increasing in commercial spaces thus surging the market growth

The online sales channel is expected to expand with a higher CAGR over the forecast period. Online distribution channels offer various conveniences for shopping owing to which its use is increasing among consumers thus surging the segment’s growth

Bathtub Market Report Highlights

Based on the type, the alcove bathtubs segment dominated the market with a 37.54% revenue share in 2023, owing to growing demand from residential sector. The alcove bathtubs are majorly preferred among consumers who have limited bathroom space

Based on the material, the acrylic segment dominated the market in 2023 with the largest revenue share of 40.18%. Acrylic can be attributed to their resilience, simple maintenance requirements, and adaptability in design, making them a favored choice among consumers

Based on the end-user, the commercial bathtub segment is expected to grow at the fastest CAGR over the forecast period due to the rising number of hotels, and well centers across regions that have been significantly contributing to the demand for various commercial bathtub products

Europe is projected to emerge as a lucrative region for global market. This can be attributed to the growing trend of home renovation and remodeling projects has also contributed to the region’s market growth

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